SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                              ____________________

                                    FORM 8-K
                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


                Date of Report (Date of earliest event reported):
                                January 18, 1994



                             REYNOLDS METALS COMPANY     
             (Exact name of registrant as specified in its charter)






    Delaware                             1-1430                  54-0355135   
(State of Incorporation)               (Commission             (IRS Employer
                                       File Number)         Identification No.)





                             6601 West Broad Street
                                 P. O. Box 27003
                          Richmond, Virginia 23261-7003
                    (Address of Principal Executive Offices,
                               including zip code)


                                 (804) 281-2000
              (Registrant's Telephone Number, including area code)










Item 5.   Other Events.

     On January 25, 1994 the registrant completed the sale of 11,000,000 shares
of its 7% PRIDES*, Convertible Preferred Stock (the "Preferred Stock"),
including 1,000,000 shares purchased by underwriters in connection with the
exercise of an over-allotment option, under agreements with underwriters
entered into on January 18, 1994.  A final form of prospectus dated January 18,
1994 (attached hereto as Exhibit 99 and incorporated herein by reference) to be
used in connection with the public offering of the Preferred Stock was filed
with the Securities and Exchange Commission on January 20, 1994.


* Service mark of Merrill Lynch & Co., Inc.

Item 7.   Financial Statements, Pro Forma Financial Information
     and Exhibits.

     (c)  Exhibits.

        Exhibit 1(a)     Purchase Agreement dated January 18, 1994 between
                         Reynolds Metals Company, on the one hand, and Merrill
                         Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
                         Incorporated and CS First Boston Corporation as
                         representatives (the "Representatives") of the several
                         Underwriters named in Schedule A thereto, on the other
                         

        Exhibit 1(b)     Pricing Agreement dated January 18, 1994 between
                         Reynolds Metals Company and the Representatives

        Exhibit 4(a)     Certificate of Designations, Preferences, Rights and
                         Limitations of the 7% PRIDES, Convertible Preferred
                         Stock

        Exhibit 4(b)     Form of 7% PRIDES, Convertible Preferred Stock
                         certificate

        Exhibit 99       Prospectus dated January 18, 1994

                                   SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized. 


                                   REYNOLDS METALS COMPANY
                                   

                                   By:   D. Michael Jones                       
                                         D. Michael Jones
                                         Vice President, General
                                         Counsel and Secretary


Dated:  January 26, 1994

                                INDEX TO EXHIBITS



EXHIBIT                                                            SEQUENTIAL
  NO.                         DESCRIPTION OF EXHIBIT                PAGE NO.

  1(a)       Purchase Agreement dated January 18, 1994               _____      
             between Reynolds Metals Company, on the one
             hand, and Merrill Lynch & Co., Merrill Lynch, 
             Pierce, Fenner & Smith Incorporated and CS First 
             Boston Corporation as representatives (the 
             "Representatives") of the several Underwriters 
             named in Schedule A thereto, on the other 

  1(b)       Pricing Agreement dated January 18, 1994                _____
             between Reynolds Metals Company and the 
             Representatives

  4(a)       Certificate of Designations, Preferences, Rights        _____
             and Limitations of the 7% PRIDES, Convertible 
             Preferred Stock 

  4(b)       Form of 7% PRIDES, Convertible Preferred Stock          _____      
             certificate

  99         Prospectus dated January 18, 1994                       _____  







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